The Game Model of Cost Risk Management for “Giant Project” under Asymmetry Information

In the construction process of the giant project, because of each participant’s asymmetric and incomplete information and their pursuit of maximum interests, etc., the risk of cost control exists in the process of management. This article focuses on the owners facing cost management risk in the construction process of GB. First, it analyzes the behavior of the each project participant, and then constructs the game model among the three main stakeholders including project (engineering) Management Company, the project contractor and the owner in the control of the cost management, for further analysis. Finally, it puts forward relevant strategies for preventing the collusion between project (engineering) management company and the project contractor. The results of the research show that the game model construction of the cost risk management for giant project under the Asymmetry Information, provides not only the quantitative basis for the owner’s cost risk control, and also the useful reference for the decision-making of giant project organization and management.